Yes, it is possible, but instead of money and lara diabla, you will spend time. Many admins develop a channel from scratch without capital: they spam links on social networks or make mutual advertising with channels that are similar in terms of performance.
Of the minuses: you spend a lot of time, the channel grows slowly, the audience is burned out from the very start by regular mutual advertising.
Pros: You don’t waste money.
If your goal is to develop an active project and make money on it, then read on.